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20130313
20130321
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area show. and the out rage is being heard around the world. her name is michelle shocked. many walked out of her san francisco performance. nbc bay area joins us in san francisco with the details. >> reporter: the staff here at yoshi's say michelle shocked had to pull the plug on michelle shocked show and it's the first time they've ever pulled a plug only a show. they say she's not welcomed back here and will not be getting paid after she stood on the stage and delivered a hate speech. ♪ there must be 50 different i. ways to loathe your loverer ♪ >> a fan posted this video on youtube. the singer song writer is at an occupy wall street rally singing out against banks. tonight, people around the world are speaking out against michelle shock. yoshi pulled the plug on the 51-year-old's show last night when she launched into a hateful homofo homophobic rant. ingly. >> yeah, you heard me right. >> lisa says the stunned audience reacted quick quickly. >> shouts from the audience members, please, stop. >> staff did their best to quickly silence the hate. >> turn on the lights. turn off t
's finance minister. we also have michelle caruso cabrera here in new jersey. you should be somewhere, right? >> we had a long discussion about it. >> all of these fantastic reporters -- >> couldn't find any five-star hotels there, right? >> you've got me figured out. >> we're going to connect all the dots and figure out what may happen next. first, let's start with julia for a recap of how the entire story line went down for those who are not in the know this morning. julia. >> morning, guys. yes, well, in the early hours of saturday morning, we got wa arguably looks like a game changer in the european's response to bailout in the eurozone. of course, there are many aspects on this. the russian involvement, just the sheer size of the cypriot banking sector, almost eight times the size of the country's gdp. but what we heard on saturday morning was, yes, there will be a bailin of depositors and that levy that's going to be imposed to them was already frozen. the first question then, of course, is what happens to the remaining cash? are depositors able to remove that cash when the banks open
this evening, let's go live to cnbc chief international correspondent, michelle caruso cabrera who joins us from cyprus with the details. good evening, michelle. >> reporter: good evening, larry. it's been a day of high drama here in cyprus. just a few hours ago, the parliament resoundingly rejected the idea of taking money from bank deposits here in order to secure a bailout. the rest of europe groan. protest yourself, however, cheered. now they have to get back to work tomorrow, come up with a plan b., how are they going to get 5.8 billion euros, that's what they have to do to get another $10 billion in loans from the european partners in order to resolve the situation of their near-busted banks. also adding to the drama today, the finance minister tried to resign. it's not clear why. the president wouldn't let him. and then he immediately left for russia. as you mentioned, to try to secure some kind of help, maybe in exchange for natural gas rights. at minimum, they would just like easier terms on a loan that russia gave two years ago. the banks are supposed to reopen thursday but increa
out to michelle. >> hey there, steve. i'll show everybody a headline from one of the local newspapers here if you don't read greek it says russia roulette. in the meantime, the situation here is extremely critical for the banking system. every day that goes by without some kind of plan is one step closer to potential financial collapse of the entire country. the european central bank is still supporting the financial system here with hard cash. it's being delivered to atm machines. that's crucial because it is a lifeline for the people here because the banks are still closed. they've been closed all week. people have been telling us that in fact when they go to stores and such, they're now being told that the vendor or owner of the shop doesn't want a credit card or debit card, they want cash. with banks closed, the businesses can no longer access working capital so they are hoarding cash. you see constant stream of people at the atms. the banks are likely to remain closed through the weekend if they don't come up with a plan. they were supposed to reopen tomorrow. that would be suici
, that will good. >> see you later, as well. ty, up to you. >>> cnbc has this story covered in europe. michelle caruso cabrera on the insides of that deal and reverberations. she's on her way soon to that part of the world. steve liesman on his way soon to westchester county. robert, who knows where he's going. what it might mean for russia's rich. >> nondisclosed location. >> tyler, i'm looking at the markets and the commentary coming in to my e-mail. i think knee-jerk contagion is now becoming contagion as some investors doubt that what's going on in cyprus is really raising concerns about the positive insurance worldwide. citi group in a report that just came out, contagion risks are over rated in our view. the risk of bank runs in other euro area countries has clearly risen but the unique features of the cypriot situation should limit the read through to other cases in the euro area. in case you didn't know this, issuing a strong statement the reassure american depositors. while the situation in cyprus is a real concern for the depositors in cypriot's banks, depositors in the u.s. banks are
's get the latest on the cyprus report. michelle joins us by phone. >> good evening. the details are changing, but the one core fact important to investors is true. for the first time ever in the european crisis, portions of bank accounts will be seized in order to pay for a bailout. cyprus agreed to this to get a 10 billion euro loan to bail out their banks. what is still unclear and controversial is whether insured deposits will also be seized. original plan was if you had an account in cyprus with less than 100,000 euros, would you have to pay a tax even though it falls below the insurance threshold. even though in theory it was supposed to be 100% guaranteed by the state. that turned out to be so controversial they are second-guessing themselves and reconsidering. a few hours ago the minister put out a statement saying they thought the smaller depositors should be protected. that doesn't mean they will, however, because cyprus has to figure out some way to contribute to this bailout. they would have to tax the biggest depositors, the russians even more than the 10%. they are
of that is very unclear. the banks remain closed, demonstrations are starting to take shape and our michelle ka rus michelle will have a live report later. >> keep our cash. get it in the bank. >> find the people responsible for this mess, prosecute them, put them in prison. >> obviously that gentleman is extremely mad. the other side of the story is also anger from russia on a deal to tax those banks accounts because so many russians keep their money in cyprus. so peter, my question to you is, as the finance minister is expected to go to russia tonight, how could russia retaliate? how could the russian government, because it is so angry, what will they do and what could they do? >> well, there are a lot of reactions they could have. first of all, it's hard for me to see shock. it's an island that created eight times of its economy in foreign deposits. most of those were from russia. we're talking about something like 20 billion euros, almost $40 billion worth. the fact is, they are going to be taxed. if you think about a banking system where the banking system is self is eight times the island
and. let's get more on the cypress controversy. michelle caruso-cabrera with the latest on this developing story. >> instead of the tradition route of severe austerity across the country with much higher taxes and pay cuts, instead what they did was they taxed bank deposits. they're calling it a tax. a lot of folks are calling it a seizure. here's what's significant. even small depositors below the insurance threshold are going to get hit. the original number for small depositors below 100,000 euros was 6.5%. they're working in parliament right now about shifting that and any other subsequent plan suggests that if you have insured money it will still get hit. what did we see over the week whend this announcement happened on yesterday? runs on the atms at the banks in cypress because they'd shut down the banks as a result of this. they stopped all wire transfers and you also if you tried to take money out they had partitioned out the amount of money that you were supposed to be giveing to the government each though there hasn't been a vote in parliament. why did cypress n
us from cyprus is our chief international correspondent michelle caruso-cabrera. michelle? >> hi there, scott. >> as a result of rejecting that plan last night in parliament and now it's plan b and it's emergency meeting after emergency meeting to try to fig you out a way for this government to come down in euros in either savings or revenues in order to get a $10 billion euro loan to bail out their banks. they've got to come up with that number or else we'll come up with a meltdown. in the wakes of the vote yesterday told the cypriots. don't think you're negotiating this deal. don't come back to us. it was a toughly-worded statement. russia, by the way, is not buying one of the troubled banks. there had been a report that that was going to happen that briefly spiked the euro. and one of the government spokespersons immediately said it was false and we saw that rally disappear. there's a cabinet meeting two hours from now and at some point they've got to announce, what are they going to do about the banks tomorrow? are they going re-open or not? it seems implausible at this point
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about the big speech that is took place this morning? we had michele bachmann, newt gingrich, scott walker. what were the highlights there? >> reporter: absolutely. well, in gingrich and bachmann, you have two former presidential candidates who are really very still popular within the conservative movement, and bachmann in particular really hit on some notes that conservatives were interested in hearing, mentioned benghazi at some length. scott walker has been makes noises all right about 20916 te -- 20 2016. this crowd, it's a group you would really want on injure side -- your side. people who would really work for you. >> i'm curious about the reaction to rob portman's announcement that he's in favor of gay marriage. are you hearing any rumblings about that? >> reporter: i spent yesterday afternoon talking to attendees about that. there seemed to be an age divide. some of the older folks who are here who i talked to said the party really should stay on the traditional marriage sort of value front whereas this place is about half college students. i talked to a lot of college stude
" cover girl, first lady, michelle obama, again, i suppose. >> she looks good. >> welcome back to "early start." >> it's thursday morning, 5:30 in the east. >>> history unfolding in rome at this very moment, as pope francis gets to work as leader of the world's 1.2 billion catholics. at noon eastern, the pope holds a private mass with the cardinals who elected him, inside the sistine chapel. this morning, we're learning a lot more about jorge mario bergoglio. known in argentina as father jorge. our coverage begins as it has the last few mornings, with miguel. good morning. >> reporter: good morning, john. the pope francis was off to a busy start already this morning. he was at the basilica. and he prayed to the virgin mary there. he interestingly went to the crypt, which is inside that church, one of the oldest churches in rome, also owned by the vatican. went to the crypt of st st. ignatius, who founded the jesuit order. and rome is crazy about the new pope here. it's top news here. the surprise of francis. the pope, this is really sweet one. thank you, rome. he came out last night and
and the president just threw the secret service under the bus. he says it's their fault. michelle mal on that. -- malkin. then jeff gordon takes a car salesman for the ride of his life and nearly gets punched in the face! it's a prank that you got to see, straight ahead what's droid-smart ? with google now, it automatically knows when you need to leave for the airport, how much traffic there is, and can have your boarding pass ready. the droid razr maxx hd by motorola. droid-smart. droid-powerful. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. there's no subtext... just tacos. yeah, it's our job to make you want it. but honestly... it's not that hard. old el paso. when you gotta have mexican. but honestly... it's not that hard. ♪♪ a flavor paradises aof delicious fishes ♪♪ ♪ friskies seafood sensations. ♪ feed the senses. dad: you excited for youyeah.st day? ♪ dad: you'll be fine, ok? girl: ok. dad: you look so pretty. ♪ i'm overprotecti
they put your last name with a comma and then your first name. michelle gerard, chief u.s. economist at rgf, kevin ferry of cronus futures management. michelle, what we finally decided yesterday was the fed gets more cover to keep doing what it's doing. just about anything you can turn into a positive when you have a fed -- >> exactly. that's exactly right. bad news that undermines the equity markets and in the sense of saying, well, the fed will end up editing to keep rates lower. >> even if the contagion doesn't hit europe and it doesn't come here, it's just knowing -- >> that's the down side risk against the fed in an accommodative mode, not quick to pullback whether we're talking about hiking, layoffs or what's the more pressing issue in the marketplace is how soon they may cale back on their purchases. that is now off the radar screen as people are more concerned about europe, the sequester. all these things which will keep the fed in a very accommodative mode. only the make sure they have the support. >> 27 places to keep the fed going. to give ben cover, right? >> not only in europe,
. >> reporter: conner. hello. what is your name? >> cameron kelly. >> michelle kelly. >> reporter: all from houston, texas thnchts is parson kelly. >> reporter: why did you want to be here with your family? >> it is fantastic. we started out with wanting to take the kids to italy for vacation, got here a week and a half ago and fate has put us here at the right time. we've been coming here for the last day and a half looking at the smoke and a couple times black smoke which was exciting because we knew we'd keep coming back and just feel blessed it happened while we're here. we fly out on friday and it is very exciting. the kids, it's late for them but they're as excited and smiling as can be. >> isn't it past your bed time? >> yes. >> reporter: yeah? what is it like to be here? >> great. >> reporter: yeah? exciting? >> yes. >> reporter: there are a lot of crowds. is everyone -- seems like everyone is very happy here. >> yes. very. >> reporter: yeah? for you, why was it so important to bring the kids? >> well, it's such an historic moment, and we are catholic, so it's even more special for
how the bureaucratic process, martha, in washington has impacted ordinary people. michelle obama a couple years said what we all believe, this is the people's house and the fundamental i think right, responsibility, of any government is to open up the white house as a living symbol of our democracy to people who come to washington. the fact that after the sequester the principal impact we all feel we can't go on white house tours strikes a raw nerve especially at a time when the white house staff hasn't cut back and when there has been no appreciable impact in the country of sequester. martha: we've done stories how many white house employees make six figures. >> the calligrapher. martha: the calligrapher makes the $6,000 a year. >> right. martha: rich, it is optics, whatever you want to call it and contrary journalees, it looks bad, right? >> right. i can't say it any better than doug. he stated perfectly why this has such symbolic resonance. also, martha, smacks of typical, cynical budget politics. this is what any government does when there are any sort of cuts and it wants to
and the future about what happens to big east athletics. >>> and michelle obama wanted send a mental to american kids about health on sesame street. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. but that doesn't mean i don't want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. clients are always learning more to make their money do more. (ann) to help me
and rudy guiliani, and past winners, michele bachmann. they did not go on to be president, but popular at the gathering. >> tucker: you want to look at the republican debates, look at the cpac lineup, pretty accurate. >> alisyn: and dr. ben carson in the limelight after the national prayer breakfast,' he gave his vision before the president. he was a huge hit and got rousing standing ovation from the podium there and he made a-- possibly a slip or a joke about running for the white house. let's listen to dr. carson. >> it's almost laughable some of the things i hear people say to criticize me, he's a neuro surgeon, he couldn't know anything about economics. it's not brain surgery. i can tell you this much, even as a local brain surgeon, if you have the highest corporate tax rates in the world, then of course corporations are going to have money elsewhere. corporations are not in business to be social welfare organizations. they are there to make money and a wise government knows how to use that to their advantage. >> alisyn: all right. what i was referring to, a little slip was during
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